Coca-Cola (NYSE:KO) Price Target Raised to $73.00 at Barclays

Coca-Cola (NYSE:KO) had its price objective increased by Barclays from $66.00 to $73.00 in a report released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Coca-Cola from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $69.00 price target on shares of Coca-Cola in a report on Thursday, February 6th. Evercore ISI boosted their price objective on shares of Coca-Cola from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group raised Coca-Cola from a “hold” rating to a “buy” rating and lifted their target price for the stock from $69.00 to $75.00 in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.82.

Coca-Cola Stock Performance

Shares of KO opened at $69.48 on Thursday. The company has a market capitalization of $299.28 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 3.55 and a beta of 0.61. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.06 and a quick ratio of 0.90. Coca-Cola has a one year low of $57.93 and a one year high of $73.53. The company’s fifty day moving average price is $62.76 and its 200 day moving average price is $66.33.

Coca-Cola (NYSE:KO) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. Coca-Cola had a return on equity of 44.01% and a net margin of 22.45%. As a group, analysts expect that Coca-Cola will post 2.85 earnings per share for the current year.

Institutional Investors Weigh In On Coca-Cola

Hedge funds have recently added to or reduced their stakes in the stock. Crowley Wealth Management Inc. bought a new stake in shares of Coca-Cola during the fourth quarter valued at approximately $27,000. Mainstream Capital Management LLC acquired a new position in Coca-Cola during the 4th quarter worth $31,000. Hara Capital LLC acquired a new position in Coca-Cola during the 3rd quarter worth $35,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Coca-Cola in the 3rd quarter valued at $36,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Coca-Cola in the 4th quarter valued at $37,000. Institutional investors own 70.26% of the company’s stock.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.